Fabryki Mebli Forte S.A. (FTE) - Net Assets
Based on the latest financial reports, Fabryki Mebli Forte S.A. (FTE) has net assets worth zł926.23 Million PLN (≈ $254.91 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł1.35 Billion ≈ $372.91 Million USD) and total liabilities (zł428.75 Million ≈ $118.00 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Fabryki Mebli Forte S.A. balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł926.23 Million |
| % of Total Assets | 68.36% |
| Annual Growth Rate | 7.21% |
| 5-Year Change | 16.77% |
| 10-Year Change | 94.31% |
| Growth Volatility | 7.63 |
Fabryki Mebli Forte S.A. - Net Assets Trend (2005–2024)
This chart illustrates how Fabryki Mebli Forte S.A.'s net assets have evolved over time, based on quarterly financial data. Check FTE intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Fabryki Mebli Forte S.A. (2005–2024)
The table below shows the annual net assets of Fabryki Mebli Forte S.A. from 2005 to 2024. For live valuation and market cap data, see FTE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł929.70 Million ≈ $255.87 Million |
+0.54% |
| 2023-12-31 | zł924.69 Million ≈ $254.49 Million |
+5.94% |
| 2022-12-31 | zł872.87 Million ≈ $240.23 Million |
+9.82% |
| 2021-12-31 | zł794.84 Million ≈ $218.75 Million |
-0.17% |
| 2020-12-31 | zł796.21 Million ≈ $219.13 Million |
+1.92% |
| 2019-12-31 | zł781.20 Million ≈ $215.00 Million |
+27.31% |
| 2018-12-31 | zł613.61 Million ≈ $168.88 Million |
-3.51% |
| 2017-12-31 | zł635.96 Million ≈ $175.03 Million |
+15.13% |
| 2016-12-31 | zł552.40 Million ≈ $152.03 Million |
+15.45% |
| 2015-12-31 | zł478.46 Million ≈ $131.68 Million |
+13.57% |
| 2014-12-31 | zł421.28 Million ≈ $115.94 Million |
+9.54% |
| 2013-12-31 | zł384.61 Million ≈ $105.85 Million |
+10.24% |
| 2012-12-31 | zł348.88 Million ≈ $96.02 Million |
+11.02% |
| 2011-12-31 | zł314.25 Million ≈ $86.49 Million |
+2.10% |
| 2010-12-31 | zł307.79 Million ≈ $84.71 Million |
+1.56% |
| 2009-12-31 | zł303.07 Million ≈ $83.41 Million |
+16.57% |
| 2008-12-31 | zł259.99 Million ≈ $71.55 Million |
+3.41% |
| 2007-12-31 | zł251.41 Million ≈ $69.19 Million |
-1.52% |
| 2006-12-31 | zł255.30 Million ≈ $70.26 Million |
+3.04% |
| 2005-12-31 | zł247.76 Million ≈ $68.19 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fabryki Mebli Forte S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 69807500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł698.08 Million | 75.23% |
| Common Stock | zł23.93 Million | 2.58% |
| Other Comprehensive Income | zł91.39 Million | 9.85% |
| Other Components | zł114.56 Million | 12.34% |
| Total Equity | zł927.96 Million | 100.00% |
Fabryki Mebli Forte S.A. Competitors by Market Cap
The table below lists competitors of Fabryki Mebli Forte S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suraj Estate Developers Ltd.
NSE:SURAJEST
|
$101.24 Million |
|
Synergy Green Industries Limited
NSE:SGIL
|
$101.28 Million |
|
Marks and Spencer Group PLC
LSE:MKS
|
$101.28 Million |
|
SYN-Tech Chem & Pharm Co Ltd
TWO:1777
|
$101.29 Million |
|
Mobiletron Electronics Co Ltd
TW:1533
|
$101.06 Million |
|
Fluent Inc
NASDAQ:FLNT
|
$101.06 Million |
|
Bertrandt Aktiengesellschaft
XETRA:BDT
|
$101.06 Million |
|
Averlogic Technologies
TWO:6198
|
$100.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fabryki Mebli Forte S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 907,829,000 to 927,955,000, a change of 20,126,000 (2.2%).
- Net income of 50,190,000 contributed positively to equity growth.
- Dividend payments of 2,000 reduced retained earnings.
- Other comprehensive income decreased equity by 31,137,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł50.19 Million | +5.41% |
| Dividends Paid | zł2.00K | -0.0% |
| Other Comprehensive Income | zł-31.14 Million | -3.36% |
| Other Changes | zł1.08 Million | +0.12% |
| Total Change | zł- | 2.22% |
Book Value vs Market Value Analysis
This analysis compares Fabryki Mebli Forte S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.46x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | zł10.51 | zł15.35 | x |
| 2006-12-31 | zł10.71 | zł15.35 | x |
| 2007-12-31 | zł9.44 | zł15.35 | x |
| 2008-12-31 | zł9.63 | zł15.35 | x |
| 2009-12-31 | zł12.64 | zł15.35 | x |
| 2010-12-31 | zł12.88 | zł15.35 | x |
| 2011-12-31 | zł13.10 | zł15.35 | x |
| 2012-12-31 | zł14.54 | zł15.35 | x |
| 2013-12-31 | zł16.02 | zł15.35 | x |
| 2014-12-31 | zł17.56 | zł15.35 | x |
| 2015-12-31 | zł19.97 | zł15.35 | x |
| 2016-12-31 | zł22.98 | zł15.35 | x |
| 2017-12-31 | zł26.44 | zł15.35 | x |
| 2018-12-31 | zł25.50 | zł15.35 | x |
| 2019-12-31 | zł32.64 | zł15.35 | x |
| 2020-12-31 | zł33.16 | zł15.35 | x |
| 2021-12-31 | zł33.10 | zł15.35 | x |
| 2022-12-31 | zł35.76 | zł15.35 | x |
| 2023-12-31 | zł37.94 | zł15.35 | x |
| 2024-12-31 | zł38.83 | zł15.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fabryki Mebli Forte S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.56%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.60x
- Recent ROE (5.41%) is below the historical average (9.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.76% | 4.13% | 0.94x | 1.75x | zł-8.03 Million |
| 2006 | 4.95% | 2.88% | 1.02x | 1.68x | zł-12.90 Million |
| 2007 | 2.65% | 1.21% | 1.12x | 1.96x | zł-16.28 Million |
| 2008 | 1.93% | 0.92% | 1.07x | 1.95x | zł-18.46 Million |
| 2009 | 14.23% | 8.51% | 1.12x | 1.49x | zł12.70 Million |
| 2010 | 9.55% | 6.21% | 1.00x | 1.53x | zł-1.37 Million |
| 2011 | 12.35% | 7.29% | 1.11x | 1.52x | zł7.30 Million |
| 2012 | 9.99% | 6.15% | 1.16x | 1.40x | zł-25.40K |
| 2013 | 15.19% | 8.68% | 1.20x | 1.46x | zł19.77 Million |
| 2014 | 18.00% | 9.14% | 1.29x | 1.53x | zł33.41 Million |
| 2015 | 17.78% | 8.84% | 1.29x | 1.56x | zł36.93 Million |
| 2016 | 20.10% | 10.13% | 0.93x | 2.14x | zł55.48 Million |
| 2017 | 12.17% | 7.02% | 0.74x | 2.34x | zł13.70 Million |
| 2018 | 5.65% | 3.11% | 0.67x | 2.70x | zł-26.56 Million |
| 2019 | 4.51% | 2.99% | 0.75x | 2.01x | zł-42.89 Million |
| 2020 | 6.24% | 4.27% | 0.79x | 1.85x | zł-29.81 Million |
| 2021 | 13.99% | 8.35% | 0.92x | 1.81x | zł31.61 Million |
| 2022 | 10.46% | 7.03% | 0.86x | 1.73x | zł3.97 Million |
| 2023 | -6.68% | -5.88% | 0.72x | 1.58x | zł-151.39 Million |
| 2024 | 5.41% | 4.56% | 0.74x | 1.60x | zł-42.61 Million |
Industry Comparison
This section compares Fabryki Mebli Forte S.A.'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $194,062,000
- Average return on equity (ROE) among peers: 1.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fabryki Mebli Forte S.A. (FTE) | zł926.23 Million | 6.76% | 0.46x | $101.10 Million |
| Amica S.A. (AMC) | $243.65 Million | 1.34% | 3.01x | $99.55 Million |
| Decora SA (DCR) | $144.48 Million | 2.16% | 0.93x | $206.46 Million |
About Fabryki Mebli Forte S.A.
Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture worldwide. It offers furniture for living room, dining room, bedroom, children's room, hallway, and study. The company was founded in 1992 and is based in Ostrow Mazowiecka, Poland.